The golden autumn
The consolidation of precious metals could soon be completed and thus lead to new record prices. Explorers in particular should benefit from this development. Provided they can report good drilling results and new discoveries. The rise in the price of gold has reached the mainstream, the public has become aware of gold as a proven means of preserving value.
For example, the analysts at Bloomberg Intelligence see the recent return of the gold price as a snapshot. They forecast an upward trend, which will even accelerate due to fundamental data. A gold price of up to USD 4,000 by 2023 is possible, they say.
But gold shares are not yet so on the screen of the investor community. But the purchase of gold shares recently made by investor legend Warren Buffet could draw new investors into the gold mine area. Also, it is to be read almost everywhere that the bull market with the gold is still in an early stage. All this should have a positive effect on the share prices of gold companies. Especially junior companies, where there is often a large difference between the true value and the stock market price, should benefit - and so should the investors.
Filo Mining owns the highly prospective Filo del Sol project in Chile: https://www.commodity-tv.com/play/mining-newsflash-with-mawson-resources-filo-mining-and-tarachi-gold/. Gold, silver and copper are included. Best funded, the company is currently focusing on a diamond drill program to expand the deposit.
Fiore Gold is a junior gold producer whose flagship project is the producing Pan gold mine in White Pain County, Nevada: https://www.commodity-tv.com/play/mining-newsflash-with-karora-resources-fiore-gold-and-canada-nickel/. Fiore Gold's nearby Gold Rock property is a significant growth project with the potential to produce in excess of 100,000 ounces of gold annually in Nevada.
Current company information and press releases from Filo Mining (https://www.resource-capital.ch/en/companies/filo-mining-corp/) and Fiore Gold (https://www.resource-capital.ch/en/companies/fiore-gold-ltd/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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